SUSAX vs. BUSIX

Last updated Jun 4, 2026

SUSAX (SEI Institutional Investments Trust Ultra Short Duration Bond Fund) and BUSIX (Sterling Capital Ultra Short Bond Fund) are both Ultrashort Bond funds. At a 0.41 correlation, their price movements are largely independent. SUSAX charges 0.22%/yr vs 0.27%/yr for BUSIX.

Performance

SUSAX vs. BUSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust Ultra Short Duration Bond Fund (SUSAX) and Sterling Capital Ultra Short Bond Fund (BUSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SUSAX

• 1D: 0.00%
• 1M: 0.35%
• YTD: 1.36%
• 6M: 1.74%
• 1Y: 4.48%
• 3Y*: 4.92%
• 5Y*: 3.03%
• 10Y*: 2.54%

BUSIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SUSAX vs. BUSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SUSAX SEI Institutional Investments Trust Ultra Short Duration Bond Fund	1.36%	5.09%	5.31%	5.00%	-1.44%	0.17%	2.06%	3.55%	1.89%	1.77%
BUSIX Sterling Capital Ultra Short Bond Fund	0.83%	4.93%	5.87%	5.09%	0.32%	0.31%	2.16%	3.27%	1.66%	1.37%

Correlation

The correlation between SUSAX and BUSIX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.41

Return for Risk

SUSAX vs. BUSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SUSAX

SUSAX Risk / Return Rank: 97
SUSAX Sharpe Ratio Rank: 92
SUSAX Sortino Ratio Rank: 99
SUSAX Omega Ratio Rank: 99
SUSAX Calmar Ratio Rank: 98
SUSAX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SUSAX vs. BUSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Ultra Short Duration Bond Fund (SUSAX) and Sterling Capital Ultra Short Bond Fund (BUSIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SUSAX	BUSIX	Difference
Sharpe ratio: Return per unit of total volatility	3.15	—	—
Sortino ratio: Return per unit of downside risk	8.97	—	—
Omega ratio: Gain probability vs. loss probability	2.83	—	—
Calmar ratio: Return relative to maximum drawdown	9.00	—	—
Martin ratio: Return relative to average drawdown	41.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SUSAX	BUSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.15	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.17	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	—	—

Drawdowns

Drawdown Indicators

	SUSAX	BUSIX	Difference
Max Drawdown Largest peak-to-trough decline	-4.28%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.50%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-2.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-4.28%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.22%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.11%	—	—

Volatility

Volatility by Period

	SUSAX	BUSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.43%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.40%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.29%	—	—

SUSAX vs. BUSIX - Expense Ratio Comparison

SUSAX has a 0.22% expense ratio, which is lower than BUSIX's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SUSAX vs. BUSIX - Dividend Comparison

SUSAX's dividend yield for the trailing twelve months is around 4.38%, more than BUSIX's 3.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUSIX Sterling Capital Ultra Short Bond Fund	3.19%	4.29%	4.65%	3.48%	1.87%	1.24%	1.72%	2.60%	2.05%	1.57%	1.74%	1.36%
SUSAX SEI Institutional Investments Trust Ultra Short Duration Bond Fund	4.38%	4.55%	4.44%	3.02%	1.19%	0.78%	1.53%	2.98%	2.48%	1.75%	1.43%	1.15%

Frequently Asked Questions

Can I hold both SUSAX and BUSIX in my portfolio?

SUSAX and BUSIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.